West Virginia argus. [volume] (Kingwood, W. Va.) 1877-1946, 1887-03-10
GENERAL TRADE REVIEW.
The Showing From OmciaI Sources
OF Decidedly Encouraging
Character

The total bank cloarings for nine weeks on
1887 with comparison, for 1856 1881 and
1884, covering reports from SJ cities. cannot
fail To bc OF interest, In Wow OF the widel
spread belief In very general improve,
mont In tho con iition OF trade. and a natural
desire 20 learn, II possible, how far, il NJ all
the recent cloud OF labor disturbances has
had an effect In checking the vol,
ume OF trade as recorded IN bank
clearing totals. The aggregate for the United
State'--32 citios-is, therefore, nearly a. 600.
OOlOO) for the two months last past or four
htths OF per cent. greater than during
IKE period In 1889. AS compared with 1885,
this total shows gain OF nearly 81 per cent i;
hut II Is about 59( per cont less than The ag-
grcgate In January and February, 1885, The
heavy volume OF speculation occurring carly
In 1884, aud which eliminated In the flnau-
oial panic OF May in that year, will 20 some
way TO explain the excess OF the total for tho
urSt two months OF 1884 as against 1887
The gain this year over 1885 is generally
understood, tho speculative AMI purely dis
irihutivo business two years ago having
beon conspicuousy checked after tho ro.
verses OF 1884. The very moderate incrensa
this year, as compared with the first two
months Of 1885, Is 10 bo attributed largely to
Now YORK, particularly In railroad shsres.-
when IL Ia recalled that Now York City's
total bank clearings alono have amounted
TINS year TO about 0S per cent OF tho total
Tor the United States, as compared with 40
per cent I'm llEo portion OF last year,
and when II is noted that Now York City's
clearings range noticeably over $1,000 O.OC0
daily, the decline OF but $6i, 600, 900 in tho
total for 32 cities for two months this year.
Ms against last year, amounts TO only about
o'half Of the volume OF clearlngs for ono
day at New York As New Yorks clearings
frequently vary 10 or 20 per cent. from one
week TO tho neX', largely with the ebb and
How OF transactions on the stock and other
exchanges tho possibility OF total cearings
Tor the country bsiug colorod by New York
influences De,omes apparent III four small
cities aud New York's cloarings bs omitted as
well we find that the total for two months
Tor the 81 cities remaining IL S3.533. OOO,O)O,
against $23l3 GO,0O) in 1886 g., ,O29 7OJ, 900
Ia 1895, oni s. 100000 in 1884 Here is a
gain OF nearly II per cent. over 1896 almost
q per cent over 1885, aud about 1917 per
cent. over 1884
1t may not be unfair 10 regard this exhibit
as more nearly indicative OF tho growth OF
traffic, basel on actual production OF distribu-
ton, than the first series Of totals referred
TO. New York City's total for two month,
t$5 .45, 800 t0l or 3 1-3 por cent. loss than i'm
1856, 30 pr cent. larger than I'm 1886. ana
A]G per cent. less than In 1884 Chicago,
81. Louis aud Baltimore show what may bc
called normal Increases over 1885 OF about 10
per cent Where the growth OF real estate
speculation has been prominent during tho
year past or where now banks have from
time 20 time bocn added TO tho clearing
houses 10 incrense tho totals, citios continue
to show what look like phenomenal gains.
Prominent among those arc Indianapolis, Pc
oria, Omaha, Kansas City, ST. Paul, Mime,
apolis, 81 Joseph and somo others.
The Amccr Wants 60 Fight
News from Afghanistan through nativo
sources shows that tho Ameer is making
strenuous efforts 20 raise new army. All
bova botwepr tho nUe of 10 and IA veara are